The term "Minimum Value" refers to the lowest possible value in a set of data or a mathematical function. In statistics, it helps identify the smallest number in a dataset, which can be useful for understanding trends and making decisions. For example, in a list of test scores, the minimum value indicates the lowest score achieved by a student. In finance, "Minimum Value" can also refer to the least amount an investment or asset can be worth. This concept is important for investors, as it helps them assess risk and determine potential losses. Understanding minimum values aids in making informed financial choices.